Talking Points: June 1, 2020

June 1, 2020

The personal savings rate hit a historic high of 33% in April. The previous record savings rate was 17.3% in May of 1975 and it was above 13% throughout most of the early Seventies.  CNBC, May 29, 2020

Only 51.3% of adult Americans now have a job- the lowest percentage on record since the BLS started tracking that number in 1948. CNN, May 8, 2020

“The historic challenge for leaders is to manage the crisis while building the future.” Henry Kissinger

Amazon’s annualized return to shareholders since going public in 1997 has been 36%. Fortune, May 18, 2020

“The man who begins to speculate in stocks with the intention of making a fortune usually goes broke, whereas the man who trades with a view of getting good interest on his money sometimes gets rich.” Charles Dow

Some 40% of Americans say they won’t buy products from China and 78% said they’d be willing to pay more if the company that made them moved their manufacturing out of China. Bloomberg, May 17, 2020

“I have learned to use the word ‘impossible’ with the greatest caution.” Wernher von Braun

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